Report on Contracts SignedNYC Residential
Properties$4 Million and Above

March 12-18, 2018

26 Contracts Signed

Twenty-six contracts were signed last week at $4 million and above. Condos outsold co-ops, 18 to 3, with 1 condop and 4 townhouses in the mix. Five of the properties had signed contracts at $10 million and above.

For the third time this year, a townhouse earned the top spot: 46 East 65th Street, asking $14 million, reduced from $22.5 million when it went on the market in February 2016. This 20-foot-wide, 6-story house has 10,253 square feet and an elevator, and has been divided into 5 units. Annual real estate taxes are $140,195.

The No. 2 contract was Apartment 6B at 21 East 61st Street, asking $11.5 million, reduced from $14 million when it went on the market in April of 2013. The unit has 3,751 square feet including 4 bedrooms, 4.5 bathrooms, a family room off the kitchen, and a study off the master suite. The apartment is in the Carlton House, a 16-story building that was built as a hotel in 1950, and was converted into a 69-unit condop by Extell Development. (This condop is a co-op that leases the land and has condo rules.) Amenities include concierge, doorman, a fitness center with a swimming pool, and bike and storage facilities. Many of the units have terraces.

East

West

Midtown

Downtown

Asking $/sq.ft.

Totals

Co-ops

2

0

1

0

Avg.Ask:$7,250,000

3

Condos

2

5

4

7

Avg.Ask:$6,451,944

Avg.$/sq.ft.:$2,451/sq.ft.

Avg.Size:2,632 sq.ft.

18

Condops *

1

0

0

0

Avg.Ask:

Avg.$/sq.ft.:

Avg.Size:

1

Townhouses

1

2

1

0

Avg.Ask:$8,723,750

Avg.$/sq.ft.:$1,157/sq.ft..

Avg.Size:7,542 sq.ft.

4

TOTALS

6

7

6

7

26

Total Weekly Asking Price Sales Volume: $184,280,000Average Asking Price: $7,087,692Median Asking Price: $6,325,000Average Discount from Original Ask to Last Asking Price: 14%Average Days on Market: 409
*Condop is a co-op with condo rules.